Global: Governments around the world will borrow 7.4 trillion dollars this year

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Global: Governments around the world will borrow 7.4 trillion dollars this year

Economie

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Follow - up / Tomorrow 's Press: 
The S & P Global credit ratings estimated that governments around the world would borrow about $ 7.4 trillion this year, which will raise the total debt to a record level for the third consecutive year.

"The US will account for one-third of the total figure, with Japan accounting for more than half of the total borrowing, China is in third place, and debt instruments worth about $ 700 billion are expected to be exported," said S & P's annual outlook report. Italy, France and Brazil will raise more than $ 180 billion. " 
"The Group of Seven (G-7) accounts for about 70 percent of global borrowing and debt," the report said, adding that four countries in the euro zone - Italy, France, Germany and Spain - among the top 10 borrowers, expect the euro-zone member states to collectively export only 40 percent United States this year. "
"Asia-Pacific countries borrow $ 2.9 trillion, or about 40 percent of the total, mostly through Japan, and to a lesser extent China and India, followed by North America at 34 percent and Europe at 18 percent, including Russia and the Commonwealth of Independent States, On the other hand, Latin America will be less than 5%, while Africa and the Middle East will be just over 3%. " 
"We expect global sovereign debt to rise by more than $ 1.1 trillion in 2018 to reach an all-time high of $ 47.3 trillion by the end of this year, up 2.5%," S & P said.